In reference with earlier intimation dated July 25th 2022 we would like to inform you that the Board of Directors of the Company at its meeting held on today i.e. July 28th 2022 has approved the transfer of 98.5% equity stake (i.e. 9 850 equity shares) of AGRIPARI E-COMMERCE PRIVATE LIMITED (CIN: U01100GJ2020PTC113969) to Ms. PRIYANKA JAGDISHBHAI AJUDIA for a consideration of INR 98 500 (Rupees Ninety Eight Thousands And Five Hundred Only).Pursuant to the said transfer of equity shares AGRIPARI E-COMMERCE PRIVATE LIMITED (Being non-material subsidiary) ceases to be a subsidiary of INDO US BIO-TECH LIMITED.The Meeting of the Board of Directors commenced at 04:00 P.M. and concluded at 05:00 P.M.We request you to take the above on records.
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